The Rs 200-crore Karur KCP Packaging company is one of the leading producers of extensible sack kraft paper, polypropylene bags and paper bags from southern part of the country. A major part of the company’s production is booked regularly for the cement sector, apart from a few other sectors. Over the past few years, the company has grown in size. It has even managed to penetrate into overseas markets in some areas, and is trying to consolidate upon its position in exports.
Backed up by these robust factors, the company has already posted an earnings per share (EPS) of around Rs 6.8 in the first nine months of the current fiscal, as against Rs 4.4 it managed in the comparative period of FY05. Karur KCP Packkaging is now in the process to acquire a paper unit near Coimbatore, and enter into a memorandum of understanding with the company that presently owns that paper unit.